HBAR Price Is Down 40% Since Canary ETF Launch; What Went Wrong?

Hedera’s native token HBAR has fallen about 40-41% since the Canary HBAR ETF launch, failing to sustain a recovery. The article highlights weak ETF-driven demand, with inflows fading after an initial burst and price slipping from ~$0.200 to ~$0.117. Technical signals show deteriorating capital flow (CMF below zero) and persistent selling pressure. Near-term risk sees support around $0.113, with a possible breakdown to $0.104–$0.096; a rally would require renewed inflows and a move above $0.131.